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4 Ways 2020 Changed Media: The Consumer Has Never Had More Power – NPR

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(Clockwise from upper left) A “Black Lives Matter” protest in Brooklyn, N.Y., a shuttered AMC movie theater, a “Stop the Steal” protest in Atlanta, Ga., and the short-form streamer Quibi.

Angela Weiss/AFP via Getty Images, Scott Olson/Getty Images, Megan Varner/Getty Images, Chris Delmas/AFP via Getty Images

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Angela Weiss/AFP via Getty Images, Scott Olson/Getty Images, Megan Varner/Getty Images, Chris Delmas/AFP via Getty Images

Something significant shifted in media this year — and it’s not just about the pandemic keeping us inside, glued to screens. It’s all due to a simple idea: cater to the will of the consumer.

With today’s fragmented, social media-fueled pop culture environment, the consumer has never had more power. A random tweet can derail a blockbuster movie; a stream of clever TikTok videos can create a star. And all the biggest media companies are chasing viewer tastes more intensely than ever, focusing on their streaming platforms as consumers create an increasingly personalized, fractured media diet.

Here’s how all that adds up to the four biggest ways 2020 transformed media.

Broadcast TV and movie theaters face serious threats

An AMC movie theater shuttered by the coronavirus in Harwood Heights, Ill.

Scott Olson/Getty Images

Scott Olson/Getty Images

Once the center of the entertainment universe, broadcast television and movie theaters have been hit hard by the pandemic, which has changed consumer behavior in lasting ways.

For broadcasters, the lockdowns in mid-March forced many shows to end their seasons early and kept networks like ABC, CBS, NBC, The CW and Fox from developing many new shows. The fall season, when broadcasters often debut their most-anticipated new series, was pushed back for months. And a few new shows which managed to debut in the fall, like Kim Cattrall’s Filthy Rich and John Slattery’s NEXT on Fox, are already canceled.

Small wonder media companies like Disney and NBC Universal have reorganized their corporate structures to emphasize streaming.

As a consumer with a pretty decent home media system, I had already set a high bar for movies worth the hassle and cost of viewing in a theater. Add in the possibility of COVID-19 exposure and increased availability of theatrical films on streaming, and that math tilts pretty hard against movie theaters.

I’ve often believed the rise of new media doesn’t kill old media; it just forces it to change. So broadcast TV and movie theaters won’t disappear entirely, but they will be transformed.

News media struggled to convince half of America to accept basic facts.

Supporters of Donald Trump host a “Stop the Steal” protest outside of the Georgia State Capital building on Nov. 21, 2020, in Atlanta, Ga.

Megan Varner/Getty Images

Megan Varner/Getty Images

Did Joe Biden win the presidency in a fair election? Is the coronavirus a deadly health threat, curbed by widespread mask wearing? Those are basic questions with basic answers — yes, and yes — but Americans have been divided on these issues throughout 2020.

The divide is fed by political partisanship, ideologically driven media outlets and a President one factchecker says issued more than 20,000 false or misleading claims as of July – long before he began challenging November’s election result with a series of meritless charges about widespread voter fraud.

Often, Trump has seemed to embody what Stephen Colbert once called “truthiness”; believing something is true because you feel or want it to be true, regardless of the actual facts. Indeed, it is notable that the top two contenders for factchecking website PolitiFact’s “Lie of the Year” in 2020 were often echoed by President Trump and Trump-friendly media outlets like Fox News Channel: COVID-19 denialism and a refusal to believe Joe Biden won the presidential election (Coronavirus denial eventually won the top spot).

The problem was highlighted in a recent NPR/PBS NewsHour/Marist survey, which found 61 percent of Americans overall trusted the presidential election result, but just 24 percent of Republicans did.

We are learning this year how much of American democracy depends on the mutual acceptance of norms and basic facts. What we may learn next year, is what happens to democracy if that mutual acceptance drops even further.

The reckoning over civil rights and racial diversity transformed entertainment TV and journalism

A protester holds up a portrait of George Floyd during a “Black Lives Matter” demonstration in front of the Brooklyn Library and Grand Army Plaza on June 5, 2020, in Brooklyn, N.Y.

Angela Weiss/AFP via Getty Images

Angela Weiss/AFP via Getty Images

This year, I saw three things happen in television that I never expected. The Bachelor chose its first Black man as a star. Cops and Live PD, two unscripted shows long criticized for stereotyping poor folks and people of color, were canceled. And CBS, a network long criticized for its lack of diversity, announced specific diversity goals for scripted and unscripted series, aimed at boosting the numbers of non-white people throughout their productions.

Many factors led to these changes, including the reckoning over systemic racism kicked off by the killing of George Floyd by Minneapolis police this summer. And CBS has weathered a string of scandals this year involving allegations of abusive workplace conduct or staffers and contestants of color feeling marginalized at shows like All Rise, Hawaii Five-O, Magnum P.I., MacGuyver and Survivor.

Skeptical as I am about the TV industry’s resistance to real transformation on racial issues — note reports that Cops quietly resumed production after its cancelation by Paramount Network to make episodes for overseas outlets — the success of shows led by non-white characters like I May Destroy You, Lovecraft Country, Small Axe, P-Valley, Ramy and The Last Dance are a good sign.

The world of journalism also saw seismic changes this year, from the resignation of The Philadelphia Inquirer‘s editor after the newspaper published a headline which offensively referenced the Black Lives Matter movement – it read, “Buildings Matter, Too” – to apologies from both The Los Angeles Times and The Kansas City Star for past racism in its coverage on people of color.

It all feels like a long-overdue recognition of the impact systemic racism continues to have on media. The issue goes beyond individual acts perpetrated by specific people; it’s about ending habits, strategies, reflexes and traditions within platforms which marginalize non-white people.

There’s more work to be done, especially to feature Hispanic characters and storytellers, who remain among the most underrepresented groups on TV and in journalism.

But at a time when some of the best shows on television are also the most diverse, there’s little argument left for failing to reflect the wide array of races, cultures, genders and orientations visible in the wider world.

The line between theatrical films and TV vanished as the next phase of the streaming wars begins.

Quibi, the mobile-first streaming service to specialize in original shows with short five to 10-minute-long episodes, shut down its business operations in October, little more than six months after it launched.

Chris Delmas/AFP via Getty Images

Chris Delmas/AFP via Getty Images

The streaming wars kicked off with big platform launches, from Apple TV+ and Disney+ late last year, to WarnerMedia’s HBO Max and NBC Universal’s Peacock this year. 2020 showed us the shape of the coming second phase: increasing and refining what’s on these platforms, to define the identity of the service and hold your attention.

It’s like that scene in every Marvel movie where all the heroes assemble for the big fight: Disney this month announced plans to fill Disney+ with lots of new material – 100 titles annually for the next four years – including at least 10 new Star Wars shows and 11 Marvel programs. Warner Bros. will debut all 17 of its feature films scheduled for release in 2021 on HBO Max the same date they hit theaters. They’re both gunning for each other and industry leader Netflix, which still has more subscribers than either Disney+ or HBO Max.

And even though short-form streamer Quibi died just months after launch, new streaming platforms like AMC+ and Discovery+ have emerged, filled with even more content.

This will be a pitched battle for control of the attention economy – what earns consumers’ notice and loyalty. In the process, more material will move to streaming television, reaching us through our smartphones, tablets, desktops or smart TVs.

The success of Disney+’s launch – Disney says it gained nearly 87 million subscribers since its launch in November 2019, four years sooner than early predictions – resulted from careful planning and help from the pandemic. The service had a library of classic content filled with material from Disney, Marvel, Lucasfilm (Star Wars), Pixar and National Geographic. Disney+ only needed one original hit early on, the amazing reinvention of the Star Wars universe called The Mandalorian.

HBO Max had a tougher ride, with a monthly subscription fee of nearly $15 (about twice the cost of Disney+) and a less impressive content library when stacked against Disney+’s big franchises. Moving films like The Matrix 4 and the Suicide Squad sequel to HBO Max may help juice consumer interest, but it will come at the expense of angering the film industry and theater owners, who may lose a fortune if Warner Bros. films struggle at the box office.

Successfully taking advantage of a media trend is all about timing: Sure, everything may likely move to streaming eventually, but did Warner Bros. pull the trigger too soon?

The answer to that question will determine the shape of the world’s most powerful entertainment companies for years to come.

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DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation. – Barron's

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DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation.  Barron’s

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Three drones downed after explosions heard in Iran’s Isfahan: State media – Al Jazeera English

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Iran’s air defences have brought down three small drones over the central city of Isfahan, state media reported, hours after United States broadcasters, quoting senior US officials, said Israeli missiles had hit an Iranian site.

Iranian state television reported explosions in Isfahan as air defences were activated and flights across several areas, including the capital, Tehran, and Isfahan, were suspended.

Airspace was reopened about four and a half hours after the incident and there were no reports of casualties.

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Second Brigadier General Siavash Mihandoust, the top military official in Isfahan, told state media that air defence batteries hit “a suspicious object” and there was no damage.

ABC News and CBS News had reported earlier that Israel had carried out a military operation in Iran.

Italy’s Foreign Minister Antonio Tajani said the US told the Group of Seven (G7) foreign ministers that it had been “informed at the last minute” by Israel about an attack on Iran.

“But there was no sharing of the attack by the US. It was a mere information,” Tajani told reporters in Capri, Italy, where the G7 ministers met.

However, US Secretary of State Antony Blinken refused to confirm reports about the Israeli attack, during a news conference in Capri.

“I’m not going to speak to that, except to say that the United States has not been involved in any offensive operation,” Blinken said.

The top US diplomat said the G7’s focus is on de-escalation. Asked to describe the current US-Israel relationship, Blinken noted that Israel makes its own decisions, but the US is committed to its security.

Iranian media said no strikes were launched on Iran from outside the country, and the attack was believed to have been carried out using small quadcopters that would have to have been launched from inside Iran.

Reporting from Tehran, Al Jazeera’s Dorsa Jabbari said Iranian media were downplaying the incident.

“The location in Isfahan province is an Iranian military airbase that belongs to the country’s army, and not the Revolutionary Guards [Islamic Revolutionary Guard Corps, IRGC]. I think it’s important to highlight that,” she said. “This base houses multiple squadrons of F-14 Tomcat fighter aircraft.”

“We also understand that the air defence systems over the city of Tabriz in the northwestern part of Iran were also activated,” Jabbari reported.

A military factory belonging to the Iranian army in Isfahan was attacked by multiple quadcopters in January 2023, failing to damage the facility that was protected by air defence batteries and mesh wiring on its roof to counter small unmanned aerial vehicles.

Iran blamed Israel for that attack and arrested four people, executing one of them in January 2024, for operating on behalf of Mossad, the Israeli spy agency.

Israel had promised to respond after Iran launched a barrage of drones and missiles on the country on April 13, after a suspected Israeli attack on Iran’s consulate compound in Damascus killed 16 people, including two IRGC senior generals.

Governments around the world urged restraint and a push to de-escalate tensions across the region.

Isfahan is considered a strategically important city and one that is host to several important sites, including military research and development facilities, as well as bases. The nearby city of Natanz is the location of one of Iran’s nuclear enrichment sites.

In a speech in Damghan, in central Iran, Iran’s President Ebrahim Raisi made no mention of Isfahan but praised the Iranian attacks on Israel, saying they gave the country strength and unity.

Kioumars Heydari, the commander-in-chief of the ground forces of the Iranian army, said Iran remains vigilant to confront any other potential aerial threats.

“If suspicious flying objects appear in the sky of the country, they will be targeted by our powerful air defence,” he was quoted as saying by the state-run IRNA  news agency ahead of Friday prayers in Tehran.

‘No damage’ to nuclear facilities

The International Atomic Energy Agency (IAEA) confirmed that “there is no damage” to Iranian nuclear sites as the United Nations nuclear watchdog’s chief Rafael Grossi called for restraint and said nuclear facilities should never be targeted in military conflicts.

The reported attack “was far more limited than many expected”, Iranian arms control expert Ali Ahmadi told Al Jazeera, adding that Israel “has much more limitations in its operational range” than many think.

“Certainly, after Iran’s retaliatory capacity was criticised, it benefits from advertising how ineffective what Israel did was as well. Iran also needs to prepare the public for a much softer reaction than it has talked about in the last couple of days,” he pointed out.

Ahmadi said that prior to today’s incident, Iran was preparing several options for a massive retaliation, including getting allies involved.

But considering the limited scope and impact of the alleged attack, which he described as a “security sabotage” rather than a “military assault”, it would be a mistake to carry out a significant response, he stressed.

There were also reports of explosions in Iraq and Syria, with Iranian state media saying there were explosions at multiple military-linked sites in Syria.

Syria’s official news agency SANA quoted a military source as saying that missile strikes in the early hours of the morning caused material damage to air defence sites in the country’s southern region. The report did not specify the exact location and the extent of the damage but blamed Israel.

The US and a number of European countries had been calling on Israel not to respond to Iran’s attack.

On Thursday, UN Secretary-General Antonio Guterres painted a dark picture of the situation in the Middle East, warning that spiralling tensions over Israel’s war on Gaza and Iran’s attack on Israel could descend into a “full-scale regional conflict”.

“The Middle East is on a precipice. Recent days have seen a perilous escalation – in words and deeds,” Guterres told the UN Security Council.

“One miscalculation, one miscommunication, one mistake, could lead to the unthinkable – a full-scale regional conflict that would be devastating for all involved,” he said, calling on all parties to exercise “maximum restraint”.

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Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock – CNBC

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Jonathan Raa | Nurphoto | Getty Images

Trump Media has warned the CEO of the Nasdaq Stock Market of ‘potential market manipulation’ of the company’s stock by “naked” short selling of shares.

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The warning came as Trump Media has offered shareholders detailed instructions on how to avoid someone loaning out their DJT shares to short sellers, who then execute trades betting that the price of the stock will fall.

Trump Media disclosed the warning to Nasdaq CEO Adena Friedman in a filing Friday morning with the Securities and Exchange Commission.

DJT’s share price has rallied in recent days, but is still sharply lower than the more than $70 per share it debuted with on March 26. Former President Donald Trump owns nearly 60% of Trump Media shares. The paper value of his stake has dropped by billions of dollars since DJT began public trading last month.

Trump Media CEO Devin Nunes in his letter to Friedman did not directly accuse anyone in particular of naked short selling, which is the sale of stocks without first having borrowed such sales for that purpose.

But Nunes noted that as of Wednesday “DJT appears on Nasdaq’s ‘Reg SHO threshold list,’ which is indicative of unlawful trading activity.”

“This is particularly troubling given that ‘naked’ short selling often entails sophisticated market participants profiting at the expense of retail investors,” Nunes said.

Nunes, who company owns the Truth Social app, pointed to circumstantial evidence, which included DJT being in early April the most expensive stock to short in the United States, which he said would give brokers “significant financial incentive to lend non-existent shares.” The letter links to a CNBC article detailing the sky-high premiums brokers were charging short sellers for loans of DJT shares to sell.

“I write to bring your attention to potential market manipulation of the stock of Trump Media & Technology Group Corp.” Nunes wrote.

“As you know, ‘naked’ short selling — selling shares of a stock without first borrowing the shares of stock deemed difficult to locate — is generally illegal pursuant to Securities and Exchange Commission (‘SEC’) Regulation SHO,” he wrote.

“Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital,” Nunes wrote.

“In light of the foregoing, and Nasdaq’s obligation and commitment to protect the interests of retail investors, please advise what steps you can take to foster transparency and compliance by ensuring market makers are adhering to Reg SHO, requiring brokers to disclose their ‘Net Short” positions, and preventing the lending of shares that do not exist,” Nunes wrote.

“TMTG looks forward to assisting your efforts.”

Trump, the presumptive Republican presidential nominee, currently is on trial in New York state court on criminal charges related to a 2016 hush money payment by his then-lawyer to the porn actor Stormy Daniels.

This is breaking news. Please check back for updates.

Correction: This article has been updated to correct the spelling of Adena Friedman’s name.

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